Forterra (LON:FORT) Shares Up 11% - What's Next?

Key Points

• Forterra plc experienced an 11% increase in stock price, reaching a high of GBX 215 ($2.87) during trading.
• Analysts have set a target price of GBX 190 ($2.54) for Forterra, maintaining an "add" rating on the stock.
• The company reported a net margin of 2.46% and a return on equity of 3.76%, with analysts expecting earnings per share of around 11.99 for the current year.

Forterra plc (LON:FORT - Get Free Report)'s share price traded up 11% during mid-day trading on Tuesday . The company traded as high as GBX 215 ($2.85) and last traded at GBX 204 ($2.70). 4,258,317 shares changed hands during mid-day trading, an increase of 385% from the average session volume of 878,666 shares. The stock had previously closed at GBX 183.80 ($2.44).

Analysts Set New Price Targets

Several analysts recently issued reports on FORT shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 320 ($4.24) price target on shares of Forterra in a report on Wednesday. Citigroup upped their price target on shares of Forterra from GBX 176 ($2.33) to GBX 210 ($2.78) and gave the company a "neutral" rating in a report on Wednesday. Royal Bank Of Canada boosted their price target on Forterra from GBX 220 ($2.92) to GBX 250 ($3.31) and gave the company an "outperform" rating in a report on Wednesday. Finally, Peel Hunt reissued an "add" rating and set a GBX 190 ($2.52) price target on shares of Forterra in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Forterra has a consensus rating of "Moderate Buy" and a consensus target price of GBX 228 ($3.02).

Forterra Trading Down 0.7%

The firm's 50-day simple moving average is GBX 194.18 and its 200 day simple moving average is GBX 176.77. The firm has a market capitalization of £416.06 million, a price-to-earnings ratio of 52.81, a P/E/G ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82.

Forterra (LON:FORT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) EPS for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. Equities analysts expect that Forterra plc will post 11.9888346 earnings per share for the current year.

About Forterra

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won't be far from a building with a Forterra product within its fabric. Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.